Filed in Railroad Shipping
Tuesday, April 02, 2013
A few weeks shy of their respective first quarter earnings announcements East Coast-based Class I railroads Norfolk Southern and CSX are feeling pretty good about their businesses.
Tuesday, March 26, 2013
Legislation geared to remove the industry’s exemptions from antitrust laws is rolled out by a bipartisan Senate due, and the arguments for an and against removing the railroads industry’s exemptions from antitrust laws remain the same.
Friday, March 15, 2013
Carload volume—at 276,698—was down 0.9 percent, and intermodal—at 235,174 containers and trailers—was up 4 percent annually.
Monday, December 17, 2012
Heads of NITL and AAR discuss differences over railroad switching at RailTrends conference.
Friday, November 16, 2012
Carload volume—at 283,414—was down 5.4 percent annually, and intermodal at 249,531 trailers and containers—were up 1.9 percent.
Monday, November 05, 2012
The Department of Transportation’s Surface Transportation Board (STB) last week announced it is requesting the disclosure of additional information in regards to a new rule regarding interchange commitments underlying a lease or rail-line sale filed with the STB, also known as paper barriers.
Wednesday, October 17, 2012
Leading off third quarter earnings results for Class I railroads, CSX last night reported net earnings of $455 million, which was down 2 percent annually and $0.44 per share, which fell short of Wall Street estimates of $0.47 and ahead of last year’s $0.43.
Friday, October 05, 2012
September carloads—at 1,152,174—were down 3.7 percent—or 43,746 carloads— annually. Intermodal—at 973,715 trailers and containers—was up 2.5 percent—or 24,126 trailers and containers—compared to September 2011.
Friday, September 21, 2012
Carload volume—at 291,350—was down 2.9 percent annually, and intermodal—at 251,720 trailers and containers—were up 3.9 percent.
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Thursday, September 20, 2012
NS said it expects earnings to be in the $1.18-$1.25 range per diluted share.